Giannoulias’s, Kirk’s, Federal Budget Plans Boost Spending by Different Degrees, Analysis of Campaign Platforms ShowsFor Immediate Release October 26, 2010Pete Sepp, (703) 683-5700
(Alexandria,
VA) – Illinois Senate candidates Alexi Giannoulias and Mark Kirk have outlined
different priorities for the federal budget, but their campaign agendas do
share one overall attribute – higher expenditures, although by varying amounts.
According to a line-by-line analysis from the non-partisan National Taxpayers
Union Foundation (NTUF), Giannoulias’s campaign platform would increase
Washington’s current outlays by over $76 billion,
while Kirk would raise spending by slightly more than $700 million. However, both candidates have made proposals whose costs
or savings are impossible to calculate.
To view Giannoulias' spending analysis in its entirety, click here.
To view Kirk's spending analysis in its entirety, click here.
“Both the front-running candidates for
the Illinois’ Senate seat have made specific campaign promises, but it appears they
have been less clear on the specific impact their plans would have on the size
of the federal budget,” NTUF Director of Congressional Analysis Jeff Dircksen
stated. “NTUF’s analysis is designed to help fill this critical information
gap.”
In preparing his analysis, Dircksen
utilized campaign websites, transcripts of debates, and news sources to gather
information on any proposals from the two leading Illinois Senate race contenders
that could impact the level of federal spending. He in turn verified cost
estimates for these items against independent sources such as the Congressional
Budget Office. He also cross-checked items through NTUF’s BillTally system,
which since 1991 has computed agenda costs for each Member of Congress based on
their sponsorship of bills. Among the findings:
- Taken together Alexi Giannoulias’s
campaign promises would increase annual federal spending by a net of $76.278
billion. Of Giannoulias’s 55 proposals NTUF identified as affecting federal
expenditures, 23 would increase outlays, two would reduce them, and 30 have
costs or savings that were impossible to accurately determine.
- To date, Mark Kirk’s platform would,
in its entirety, nudge the federal budget upward by $730 million annually. NTUF
found 28 proposals he made with a spending effect: nine to raise expenditures,
one to lower them, and 18 without quantifiable estimates of costs or savings.
- Major items in Giannoulias’s fiscal
platform include an estimated $51.54 billion for a “cap-and-trade” carbon
regulation/renewable energy spending plan, $4.591 billion to boost federal
research and development funding, and $4.5 billion for a new “National
Infrastructure Fund.” One proposal he made to reduce outlays, by $3 million in
one year, would cancel increases in federal lawmakers’ pay until federal
deficits are addressed.
- Kirk’s agenda features higher
funding for airports ($2.776 billion annually), as well as environmental
cleanup and revitalization for the city of Rockford ($373 million). These and
other spending items were partially offset by the budget savings ($2.575
billion) from medical liability reforms.
- Both candidates had large proposals
whose costs could not be readily tabulated. Giannoulias, for example, called
for creating a small business loan fund from monies returned to the Troubled
Asset Relief Program (TARP), but the recently passed financial reform bill
forbids such transfers from TARP. He also supports a form of line-item veto
authority for the Executive Branch, which could lead to substantial but
indeterminate savings. These savings depend
upon the President’s inclination to use the power and Congress’s decisions to
sustain the vetoes. Like Giannoulias, Kirk called for increases in federal
research funding; but unlike his opponent, Kirk did not elaborate on which
legislation he might back to do so. Kirk also urged the expansion of certain
export promotion programs, but did not provide an indication of how much
additional funding he would support.
“As
candidates pile on the campaign promises in hopes of coming out on top, it can
be easy to forget that their plans often substantially change the bottom line
of the federal budget,” Dircksen concluded. “NTUF’s studies attempt to quantify
these effects and inform the debate.”
NTUF’s
analysis of the Illinois candidates’ agendas is one of several the group is
currently conducting. Contests are being selected on factors such as geographic
diversity, political significance as rated by outside groups and analysts, and
the level of specificity in the candidates’ platforms.
NTUF
is the research and educational arm of the 362,000-member National Taxpayers
Union, a non-profit citizen group. Note: The line-by-line cost analyses of
the Illinois and other Senate candidates’ spending agendas, along with more
information on BillTally, are available online at www.ntu.org.